eBook Show Me How Print Item Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Percent Uncollectible 2% 5 25. 35 Over 90 days past due 50 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Customer Kirchhoff Industries Aging of Receivables Schedule Not Past 1-30 Days 31-60 Days 61-90 Days Over 90 Days Due Past Due Past Due Subtotals Balance 764,800 451,200 Past Due Past Due 168,300 68,610 38,200 38,300 Conover Industries Keystone Company 17,600 17,600 20,700 20,700 Moxie Creek Inc. 10,100 10,100 Rainbow Company 8,400 8,400 Swanson Company 29,200 29,200 Total receivables) 850,800 480,400 176,700 Percentage uncollectible 2% 5% 78,900 25% 58,900 55,900 35% 50% Allowance for Doubtful Accounts